$HIFI
/USDT Technical Analysis:
Current Price: $0.6425
24h Change: +16.84%
Key Technical Indicators:
RSI: 66 (Approaching overbought, momentum still strong)
EMA: Price above key EMAs, signaling ongoing bullish trend.
Support Level: $0.5415 (Recent low)
Resistance Level: $0.6700 (Recent high)
Volume: Increased buying pressure, with 19.75M HIFI and 12.19M USDT traded.
Trade Momentum:
Bullish Momentum: The price is rising, but RSI nearing overbought, so there’s risk of minor pullbacks before the uptrend resumes.
Trade Signal:
Buy Entry: Above $0.6425, indicating strength above this level.
Targets (T1 / T2 / T3):
T1: $0.6700 (Immediate resistance)
T2: $0.7000 (Next key resistance)
T3: $0.7500 (Higher resistance zone)
Stop Loss: Below $0.6100 to protect against downside movement.
Note: Watch for potential price corrections if the RSI hits overbought territory or if volume starts to decline around resistance levels.